Finance Minister to present 2027 Budget on November 12

Dr. Cassiel Ato Forson, the Finance Minister, is set to introduce the 2027 Budget Statement to Parliament on November 12. The presentation will highlight the shift in focus towards increased productivity, competitiveness, and technology-driven growth, signaling a move from the stabilization phase. Deputy Finance Minister Thomas Nyarko Ampem explained that the budget aims to build upon recent economic stability to generate employment, raise incomes, and improve living standards.

Ampem emphasized that stability is the foundation, but productivity is the engine, and jobs and prosperity are the ultimate goals. The 2025 economic growth of 6% and the 6.2% growth in the first half of 2026 have been noted as indicators of progress. Inflation has also decreased significantly, from 23.8% in December 2024 to 5.2% in September 2026.

For the subsequent phase, the budget will focus on policies to promote local value addition, bolster businesses, and generate opportunities for young people. Ato Forson emphasized the necessity for Ghana to shift from exporting raw materials to exporting higher-value goods and services, moving from being a producer of job seekers to nurturing innovators, entrepreneurs, and job creators.

The 2027 Budget will outline the government's economic priorities, with a focus on boosting productivity, creating jobs and ensuring that macroeconomic stability translates into enhanced living standards and more economic opportunities.